ANZ Low Rate Visa Card

ANZ Low Rate Visa Credit Card

The ANZ Low Rate Visa Credit Card is low interest rate credit card with a relatively low interest rate of 13.90% and a balance transfer rate of just 1.99% for 12 months. This card might be ideal for people with significant credit card debt who would get a 12 months reprieve on their transferred credit card debt at a rate of 1.99% pa. Other benefits include no annual fee for 12 months - after the first 12 months the annual fee is $35 pa. If you have significant credit card debt and do not pay off your credit card balance often then this card might be suitable for you.

Main Features

  • Purchase Rate: 13.90%
  • Cash Advance Rate: 22.95%
  • Balance Transfer: 1.99% p.a. for 12 months
  • Annual Fee: Get $0 annual fee for the first 12 months after that $35 charged yearly
  • Interest Free Days: 55 days*
  • Card Reward Details: No Rewards
  • Credit Limit: Unknown
IMPORTANT: please review the credit card details on the provider's website again before applying.

Your eligibility for this card would depend on a few criteria listed below. When you apply for the card, ANZ would ask you a few questions about these criteria to determine your eligibility.

  • Income
  • Expenses
  • Debts
  • Assets
  • Savings
  • Investments

Documents Required

In general the following documents are usually required for credit card applications.

Proof of Income

One of the following:
  • your most recent payslip or salary notice
  • copies of bank statements that show your pay or salary deposits
  • a letter from your employer confirming your income
  • an Inland Revenue Department (IRD) “summary of earnings” notice.
If you’re self-employed, you must supply:
  • signed financial statements for the past two years
  • a signed personal Statement of Financial Position
  • your personal tax return.

Proof of Identity

A copy of one or two items from List A. If you provide only one item from List A, you must also provide one item from List B.

List A

  • Current passport
  • New Zealand drivers licence
  • 18+ card
  • Photo Credit Card

List B

  • Most recent bank statement
  • Debit card
  • Credit card
  • Community services card
  • Club or society card.
*Note: If you are looking for a low interest rate credit card, you can compare all the low interest rate credit cards listed on this website on our low interest rate credit cards page. Low interest rate credit cards are card with rates lower than usual (below 15%) and are suitable for people who do not expect to pay off their credit card balance each month to avoid a hefty interest rate charge.

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